Determine the amount of supplies used

Assignment Help Accounting Basics
Reference no: EM132017888

Question - Restaurant had 8,480 supplies on hand at the beginning of April. During the month 11,222 of supplies was purchased. At the end of the month a check of supplies indicated that 8,104 of supplies was on hand. Determine the amount of supplies used and journalize the adjusting entry.

Reference no: EM132017888

Questions Cloud

What is your contribution margin per ticket : You are planning a $100 per ticket dinner-dance fundraiser for your favorite charity at a local hotel. What is your contribution margin per ticket
What is your best estimate of the aftertax cost of debt : What is your best estimate of the aftertax cost of debt?
What impact will the cost of the purchase have on earnings : Nokela Industries purchases a $36.8 million cyclo-converter. The cyclo-converter will bedepreciated by $9.2 million per year over four years, starting thisyear.
Discuss the various forms of state sponsored terrorism : State sponsored terrorism is a term with various definitions and meanings. Discuss the various forms of state sponsored terrorism .
Determine the amount of supplies used : Restaurant had 8,480 supplies on hand at the beginning of April. Determine the amount of supplies used and journalize the adjusting entry
Prepare production department’s flexible budget for month : Prepare the Production Department’s planning budget for the month. Prepare the Production Department’s flexible budget for the month.
What is the dividend yield in given problem : The next dividend payment by Halestorm, Inc., will be $1.96 per share. The dividends are anticipated to maintain a growth rate of 4 percent forever.
What is the posse comitatus act : What is the Posse Comitatus Act ? Explain when National Guard forces are exempt from Posse Comitatus
Find what is the required return in given case : The next dividend payment by Halestorm, Inc., will be $1.48 per share. The dividends are anticipated to maintain a growth rate of 5 percent forever.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Patent amortization problem

P Corporation acquired 80% of S Corporation on January 1, 2011 for $240,000 cash when S's stockholders' equity consisted of $100,000 of Common Stock and $30,000 of Retained Earnings. The difference between the price paid by P and the underlying eq..

  Mazeltov corporation issued 100000 of 5-year 11 stated rate

mazeltov corporation issued 100000 of 5-year 11 stated rate bonds on january 1 2004 the bonds pay interest annually and

  Classify each of cortezs actions as one of the value chains

edwin cortez recently opened his own company. in order to improve the business he will be undertaking the following

  Purchasing department to the receiving department

Sending a copy of the purchase order from the purchasing department to the receiving department. Having the "quantity ordered" field "blinded" on the receiving department copy of the purchase order.

  Determine the total costs and the total cost amount per unit

Total Cost Concept of Product Pricing - Determine the total costs and the total cost amount per unit for the production and sale of 10,000 cellular phones

  The dunphys made timely estimated federal income tax

requiredbull use the following information to complete phillip and claire dunphys 2012 federal income tax return. if

  Determining correct state taxable income for typical state

What adjustment, if any, should be made to Federal taxable income in determining the correct state taxable income for the typical state

  Partnerships and consolidations

What are the issues related to goodwill valuation when comparing partnerships formation with companies consolidations?

  Discuss how many units need to be sold in order to earn

how many units need to be sold in order to earn an after-tax target profit of $450,000

  Colaw company is considering buying equipment for 240000

colaw company is considering buying equipment for 240000 with a useful life of five years and an estimated salvage

  Adriana and belen are partners who share income in the

1.when comparing the direct write-off method and the allowance method of accounting for uncollectible receivables a

  A company issues 15000000 78 20-year bonds to yield 8 on

a company issues 15000000 7.8 20-year bonds to yield 8 on january 1 2012. interest is paid on june 30 and december 31.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd